Publisher's Synopsis
In 'The Game Theorist's Guide to Parenting', the journalist Paul Raeburn and the game theorist Kevin Zollman pair up to highlight tactics from the worlds of economics and business that can help parents break the endless cycle of quarrels and ineffective solutions. They show that some of the same strategies successfully applied to big business deals and politics such as the Prisoner's Dilemma and the Ultimatum Game can be used to solve such titanic, age-old parenting problems as dividing up toys, putting down these screens, and sticking to a bedtime. Raeburn and Zollman open each chapter with a common parenting dilemma, such as determining who started fight or who gets a bedtime story first. Then they show how carefully concocted schemes involving bargains and fair incentives can save the day.